Markets were mixed today, as the Indices have not been able to exceed Monday’s Highs. Cisco Systems’ Earnings weakness has put pressure on the DOW & Tech Stocks.
Please be patient, and WAIT for the Leading Investments to return to the Green Zones for more Money Wave Buy Signals.
Crude Oil was up today at $71.60.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY NONE TODAY
Money Wave Buys soon for:
ERIC ERICSSON TELEPHONE
HLF HERBALIFE NUTRITION Money Wave must Close in the Green Zone.
MLCO MELCO RESORTS Money Wave must Close in the Green Zone.
NIHD NII HOLDINGS
RHT RED HAT INC.
GERN GERON CORP. Money Wave must Close in the Green Zone.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
EXIT URBN URBAN OUTFITTERS on the Close today, or have a tight Sell Stop below it to capture a 9.50% Gain.
EXIT IPI INTREPID POTASH on the Close today, or have a tight Sell Stop below it to capture a 52% Gain in the Long Term Portfolio. Maybe Buy it again near the Red Line (50-day avg.)
EXIT GBT GLOBAL BLOOD if it is going to Close below the Red Line of $48.03.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
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– ERIC
